Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates - 2022

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates (FOB) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates (CIF) - 2022
3. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates
4. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $5,871 per ton, dropping by -52.5% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. The export price peaked at $15,559 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($12,873 per ton), while the average price for exports to Benin ($252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $3,289 per ton, shrinking by -37% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $7,046 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($28,012 per ton), while the price for Japan ($820 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in shipments abroad of cycles; parts thereof, wheel rims and spokeses, when their volume increased by 1,258% to 599 tons. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $3.5M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from the United Arab Emirates in 2022:

1. Kuwait (158.3 tons)
2. Saudi Arabia (61.5 tons)
3. China (36.6 tons)
4. Tanzania (28.1 tons)
5. Benin (26.5 tons)
6. Ghana (18.1 tons)
7. Kazakhstan (17.9 tons)
8. Japan (16.9 tons)
9. Democratic Republic of the Congo (16.5 tons)
10. Sudan (16.1 tons)
11. Azerbaijan (14.8 tons)
12. Somalia (14.0 tons)
13. Egypt (13.8 tons)

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United Arab Emirates

Imports of cycles; parts thereof, wheel rims and spokeses into the United Arab Emirates surged to 540 tons in 2022, with an increase of 39% against the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses declined to $1.8M in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 114%.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to the United Arab Emirates in 2022:

1. China (359.8 tons)
2. Japan (102.9 tons)
3. Spain (25.0 tons)
4. Lebanon (17.8 tons)
5. India (12.5 tons)

Source: IndexBox Market Intelligence Platform